Article
Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls
Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls
In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute).
We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...
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UN Demands African Statues In London As Britain Is Told To Atone For Slavery
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Authored by Steve Watson via Modernity News,
The United Nations has decided that Britain has not grovelled enough.
After years of toppled statues, boarded-up war memorials and official lectures about "colonialism," a UN human-rights committee now wants the country that ended the Atlantic slave trade to fill its public squares with statues of "people of African descent,"
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